The more politically correct timing of a surprise QE3 policy announcement should have been made at the end of January FOMC meeting.

Crisis tensions were brewing and the sense of shocks to the global system were highly plausible. By February however, there was some recovery in US data and equities were on the up and up... voices within the Fed were chiming in by that point arguing 'everything will be alright... let things play out'. That was only the head-fake and blip in the domestic and worldwide cycle though.

Yet, in January it was clear that the Euro crisis was in desperate need of decisive global containment and intervention assistance. The world powers thus could not just sit back and simply let something which was not sustainable 'play itself out'. There should have been a decisive and coordinated joint-leadership call to action by Powers-of-the-willing. In this camp, I would have personally supported US, Canada and Japan at the least in formulating and coordinating a formidable intervention assistance package (attached to certain euro-zone governance conditions). Other BRICS could have been asked to join in at that point with their own packages or to coordinate with a FED lead 'insurance' package. This said 'insurance' to act as containment and buffer, in which to better enable ECB to preserve itself and EU governments to enact fiscal restructuring and a stronger union, could have been part of QE3.

But now? It's indeed a politically tainted issue which would only incur fallout, more negative sentiments and uncertainty if announced prior to November. That and the fact that the Euro crisis has deepened and potential for greater spillage and fires jumping lines has grown. Yet flatly, that cannot be acceptable, nor can a US double-dip be acceptable as it would stand as a national security threat. The crisis must be (and should have been) decisively contained, even as undesirable and unfortunate the notion of more Fed action!

Simply, this is not about politics or cheering on the Fed or being a Fedophile, etc, etc.. it's much more deeply strategic and fundamental than that.

From the January FOMC comments: "Strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee also anticipates that over coming quarters, inflation will run at levels at or below those consistent with the Committee's dual mandate."

5:14 pm May 15, 2012

The Undertaker wrote:

Disaster has been coming for quite awhile. It's what the criminal FED does best , a skin graft. They take your skin and graft it to the NWO via private accounts and hidden fees'. The FED gave 64 billion to Greece through it's crime tool IMF. Don't expect to see that again and it's just a drop in the bucket compared to their overall thefts. Audit and abolish the FED an international banking cartel that has 12 of its 16 directors being foreign banks. Sound odd to you. As the OZ would say "Wake Up America" - My trenchers drone on burying more FED victims worldwide daily.

6:45 pm May 15, 2012

WSW wrote:

The Undertaker is hysterical and or histrionic. Furthermore he/she is a welfare cheat. Remember The Fed is your friend. Support The Fed and its Chairman. Dr. Bernanke!

9:31 pm May 15, 2012

SWS wrote:

The undertaker writes the TRUTH. Anyone who cannot see this is a moron or part of the problem.

9:35 pm May 15, 2012

WW III wrote:

The FED is your FRIEND?!?!? What kind of drugs are you on, WSW? Your crap is like straight from the pages of a George Orwell novel. Do you have any idea what you sound like? Delusional or or a government fed cheat. Take your pick

10:48 pm May 15, 2012

George Avery wrote:

The fed is a disgrace to the human race. Nothing but a bunch of incompetent, political vermin.

11:10 pm May 15, 2012

LOL wrote:

Thanks for the good chuckle all you guys and gals in the above exchange.... ie Undertaker, WSW, SWS, WWIII. Gotta love sparky attitudes and freedom of speech in discussion forums.

As far as undertaker's comments are concerned... 1) The world today would be a financial disaster if not for the IMF from the start of the financial crisis. This is not your father's IMF today, please note. It's a rapidly evolving and essential asset to a functioning global and interdependent economy. Don't compare the IMF when it was a teenager and punching a kid in the nose with the IMF of today and of tomorrow. And 2) even if the FED were to be abolished, the US would still need a strong and effective Central Bank to take it's place and would still assume the former FED's tool kit and balance sheet!

While being critical of the world financial system overall and critical of IMF and China policy and critical of the FED, etc, etc, is one thing, the world is only as well off as it is today in the first place because of free enterprise and world market globalization over the past 20+ years. And as sad as it is, without effective worldwide Central banks being both hawkish and dovish depending on the greater strategic requirement of the day, there will be no functioning global economy and growth as we see it today.

Sure, now that the global economy has taken off -- thanks to free flowing capital and free-enterprising markets worldwide -- if we want to plan instead for a Central-bank free world by say 2020, then let's together formulate an effective and sustainable replacement system for the world's central banks.

But it's ultimately the collective world governments of the world economy which must get along and must make tough decisions and structural reforms and coordination in restructuring the global growth model as a whole to be more sustainable and survivable over the next 30-50 years. That is the primary global security issue to address ASAP.

12:34 am May 16, 2012

The Undertaker wrote:

Right LOL,

The IMF loaned Greece over 100 billion and the U.S. is on the hook for 64 billion. How's that working out for you. Greece will default soon and all that money will disappear. We do not have free capitalism now it's state manipulated fascism and the markets are prevented from taking out the bad players because of FED fraud and bailouts. The global economy has taken off That's a very odd idea, it's doing terrible at best. Sorry Charlies you're not ready yet for prime time. The breakdown is just starting.

12:36 am May 16, 2012

Anonymous wrote:

None Dare Call It Conspiracy: The Monster From Jekyll Island
March 30, 2010
By Ron Brault

The Federal Reserve is the biggest and boldest moneychanger scam ever foisted upon a civilized nation. On November 22, 1910, a small group of banksters gathered at an appropriately named place called Jekyll Island to plan the takeover of the American monetary system. On Christmas eve, 1913 while the congress was in recess, a small group of insiders who got themselves elected to congress illegally passed the Federal Reserve Act which allowed a private banking entity to print legal tender American currency. Sound Familiar? Go to: federal-reserve.net

When the government runs a deficit and spends more than it takes in, which is most of the time, the debt is covered by selling interest bearing bonds to China, Japan, Arabia, etc., or the Federal Reserve may print money, loan it to the government, and charge the U.S. taxpayer principle and interest on money that it created out of nothing. In the name of sanity, if we have to print money how about making it debt free! Interest payments on the national debt is the governments largest expenditure. Recently, Representative Ron Paul (R-Texas) passed a landmark bill requiring the first ever audit of the Federal Reserve. We’ll see what chance that has of happening.

Tomorrow: The First Attempt at World Government

6:16 pm May 17, 2012

To undertaker wrote:

The US taxpayer and balance sheet did NOT give Greece 64 billion dollar loan. That's disinformation. The FED financed the IMF for relevant loan servicing to Greece. It's a Fed balance sheet. And IMF should be working to stave off such financial catastrophic events and contain a very dangerous contagion in europe until national governments can restructure themselves and consolidate fiscal policy to more sustainable operation -- so that's a positive thing not a negative. The IMF is on our collective side now these days, not against us. Sad as it is, the world is co-dependent on the IMF for at least a couple decades until we restructure as a whole and re-calibrate to more sustainable systems.

So once again, it's a prudent and correct policy for world central banks to be assisting IMF in containing the contagion in Euro-zone. Maybe you will raise your beer mug and cheer a catastrophic disorderly event and spill-over of the Euro crisis... but it would lead to a greater financial hardship and possible instability internationally and uncertain geostrategic and economic consequences.

Don't be sorry, just try to examine the broader issues more openly without the severe bias and myopia.

6:51 pm May 17, 2012

The Undertaker wrote:

You call it a balance sheet, I call it a disaster. I don't like IMF NWO Globalist crooks. Their time is coming to an end. The U.S was responsible tor 20 percent of the loan through the FED to its criminal tool the IMF. The money is gone, don't try to sugar coat it. The contagion will not be contained. Remember when Helicopter Ben said the subprime contagion was contained. LOL _ OMG These lies don't work anymore.

4:44 am October 30, 2012

Sri wrote:

Stunning as usual. I particularly like the one where he is prppniog his head up with his hands and the one where he has a sleepy smile and open mouth. Precious, you have such a gift and I am lucky to know you

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